Report: More Movies Will Be Streamed Than Watched On Disc In 2012

Pop the champagne and up the bandwidth, because 2012 is the year we finally do away with discs. According to a Bloomberg report on IHS Screen Digest, more viewers will stream movies than watch them on disc, an inflection point that can only mean the relatively quick demise of high-density optical media. Streaming will increase to 3.4 billion titles this year, up from 1.4 billion. Blu-ray and DVD consumption will top out at 2.4 billion. The study also found that Amazon on Netflix accounted for 94% of all paid movie consumption online.

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